Canada's Nortel Is Sole Contender to Supply Mexico's
Unefon
Mexico City, Sept. 14 (Bloomberg) -- Nortel Networks Corp., North America's No. 2
phone-equipment maker, has become the sole contender to win a contract valued
at more than $600 million to supply equipment to Mexican upstart telephone
company Unefon SA, Reforma newspaper reported. Marco Antonio Malfavon, a
spokesman for Lucent Technologies Inc., said Nortel was left as the sole
contender after Unefon and Lucent failed to reach a contract agreement, and after
a proposal presented by Sweden's Ericsson AB failed to meet requirements,
according to Raul Lucido, Ericsson's vice chairman of strategic planning and
marketing. Ernesto Sarenana, Nortel's marketing director, said Nortel and Unefon
had yet to sign a contract although he expected the companies to close the
transaction by the end of the year, the paper said.
Unefon, part-owned by Mexican broadcaster TV Azteca SA, wants to start offering
wireless telephone services beginning next year. (Reforma 9/14 7A)
NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min.
While it is clear that Newbridge did not bid on this contract, it is also obvious that Newbridge does not have the product diversification to offer complete networks such as is indicated in the above. |
